“If you are badly hurt and need medical care or money because you can’t work anymore, if you are relying on someone and all they have is $15,000 or even $1 million worth of insurance, those numbers aren’t very big in today’s society.”Īdding uninsured or underinsured coverage is relatively cheap, but because of the smaller commission, insurance agents tend to promote it less, Fried says.ġ5 Reasons You Will Regret an RV in Retirement How Much RV Insurance Costs The minimum insurance required for personal and commercial vehicles is much lower than people think, Fried adds.

You could be on the hook for crippling medical bills if you’re severely injured as well as other damages. Perhaps one of the worst situations RV owners can find themselves in is a serious accident where the other driver is at fault and has little to no insurance, says Joseph Fried, a trial attorney at Fried Goldberg in Atlanta, who has handled insurance cases involving RVs. Permanent contents, such as kitchen appliances and bathroom fixtures, fall under the comprehensive and collision portions of most RV policies. If your home on the road includes a variety of expensive electronics and other personal effects, get extra coverage through your RV policy. Having an RV towed can be pricey-up to $130 just for the tow truck to hook up to the vehicle, and then an additional charge for mileage.įor common claims like theft and vandalism, the contents inside an RV are generally protected under a homeowners or renters insurance policy, though typically with lower limits for covering property away from home. Roadside assistance is another option to consider, says Bert Alanko, profit center leader at MBA Insurance. You may, for example, want additional coverage that pays for a hotel if the RV needs repairs and you can’t stay in it. Because your RV is also your home on the road, insuring an RV is a lot different from insuring a car, says John Dixon, product management director at USAA. There are other risks a standard RV policy doesn’t address that you may want coverage for. Under agreed value coverage, which is typically for classic vehicles, the insurer pays an amount that was previously settled on, Russell says. Total loss replacement provides the amount needed to replace the damaged RV. Actual cash value is the standard and pays the owner what the RV was worth at the time of the accident, Russell says. Depending on the policy, the insurer may cover a severely damaged RV in one of several ways. Comprehensive and collision coverage will also vary.

Truck camper insurance binder online